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Скачать или смотреть How To Withdraw Money From 401K After Retirement (How Can You Withdraw From 401K After Retirement?)

  • The Savvy Professor
  • 2024-05-09
  • 1585
How To Withdraw Money From 401K After Retirement (How Can You Withdraw From 401K After Retirement?)
How To Withdraw Money From 401K After Retirement (How Can You Withdraw From 401K After Retirement?)
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Описание к видео How To Withdraw Money From 401K After Retirement (How Can You Withdraw From 401K After Retirement?)

How To Withdraw Money From 401K After Retirement (How Can You Withdraw From 401K After Retirement?). In this video tutorial I will show you how to withdraw money from 401K after retirement.

You can access your 401(k) after retirement via a lump sum or periodic distribution. Here's a look at both:
Lump-sum distribution
Consider this option if you want a large sum immediately. A lump-sum distribution involves cashing out your entire 401(k). While this method is ideal during a crisis or if you want to reinvest the amount, it has limitations. First, your 401(k) won't enjoy the tax-free benefits, and withdrawing a lump sum moves you to a higher tax bracket, where you'll spend a large chunk in taxes.

Periodic distribution
In contrast, a periodic distribution gives you regular access to your 401(k) at regular intervals. You can choose to get it monthly or quarterly. This option allows your savings to grow tax-free and lets you enjoy your benefits for longer. It's ideal when the 401(k) is your only source of income during retirement.


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